Daily Archives: November 3, 2015

3Nov

Comex Trading Signals and Market News – 03 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices fell to a four-week low on Monday, after a pair of disappointing manufacturing reports underlined concerns over the health of China’s economy.Copper for September delivery on the Comex division of the New York Mercantile Exchange shed 0.1 cents, or 0.04%, to trade at $2.316 a pound during morning hours in London. It earlier fell to $2.288, the lowest since October 2.
  • Gold prices slumped to a four-week low on Monday, as investors continued to cut holdings of the precious metal on expectations of tighter U.S. monetary policy.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $3.30, or 0.29%, to trade at $1,138.10 a troy ounce during European morning hours. It earlier fell to $1,133.80, the lowest since October 5.
  • Oil prices pushed lower on Monday, as persistent worries about future demand from China weighed.On the ICE Futures Exchange in London, Brent oil for December delivery dipped 58 cents, or 1.17%, to trade at $48.98 a barrel during European morning hours. A pair of disappointing manufacturing reports underlined concerns over the health of China’s economy. The  Asian nation is the world’s second largest oil consumer after the U.S. and has been the engine of strengthening demand. Elsewhere, crude oil for delivery in December on the New York Mercantile Exchange slumped 58 cents, or 1.23%, to trade at $46.02 a barrel.

ECONOMY NEWS :

  • The Indian government could cut corporate tax to 25 percent from 30 percent before a previous deadline of four years, and    will provide a roadmap for ending corporate tax exemptions shortly, Revenue Secretary Hasmukh Adhia said on Monday. Finance Minister Arun Jaitley, while presenting his annual budget in February, announced that the government would gradually pare corporate tax by 5 percentage points during the next four years and roll back various tax exemptions.
  • UK seasonally adjusted manufacturing Purchasing Managers’ Index, or PMI, climbed notably to 55.5 in October from 51.8 in    September, which was revised down from 51.5, figures from the Chartered Institute of Procurement & Supply and Markit Economics showed Monday. Manufacturing activity expanded at the fastest pace in sixteen months in October, as output and new order growth accelerated. Any reading above 50 indicates expansion in the sector.
  • Eurozone Purchasing Managers’ Index for the manufacturing sector rose to 52.3 in October from 52 in September, final data   published by Markit showed Monday. The reading was above the flash score of 52.Germany’s headline factory PMI slid to a 3-month low of 52.1 in October from 52.3 in September as production and employment growth slowed. The flash reading was  51.6. The French manufacturing PMI remained unchanged at 50.6 in October. It was slightly below the flash score of 50.7. Output increased for second month.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1148 TARGET 1153 1159 SL 1142
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH SINGAPORE.

3Nov

IForex Market Trading Signals and News – 03 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD slips lower, but downside seen limited
  • FOREX -AUD/USD holds steady after Australian, Chinese data
  • FOREX -Dollar slips as China worries vanquish investor risk appetite

EUR/USD
The EUR/USD pair ended the week right above the 1.1000 level, and the dominant bearish trend remains in place, given that the daily chart shows that selling interest surged on an approach to the 200 DMA, whilst the Momentum indicator maintains a strong bearish, despite being in oversold territory. In the same chart, the RSI indicator has managed to bounce from oversold levels, but remains well into negative territory, leaving room for additional declines. In the 4 hours chart, the pair is struggling around a bearish 20 SMA, whilst the technical indicators have failed to advance above their mid-lines, but lack enough bearish strength to confirm a bearish movement ahead. The EUR enjoyed of some temporal demand, rising against its American rival up to 1.1072, before selling interest re-surged

GBP/USD
The GBP/USD pair trades 0.31% higher at 1.5476, partly reversing a spike to 1.5498 daily highs. The GBP bulls took a breather and now consolidate the heavy gains seen following the release of surprisingly positive UK manufacturing PMI results.The manufacturing PMI for the UK, came in significantly better than expected at 55.5 points in October, up from a revised 51.8 points seen in September, hitting the highest level in sixteen months.Adding to the up- beat sentiment around GBP/USD, appetite for risker assets also improved as a major turn- around was seen in risk-sentiment after the European open. Meanwhile, the focus now shifts to US calendar, with the ISM manufacturing PMI reading to be closely eyed. The GBP/USD pair failed to take out 1.5500 – psychological barrier on yet another occasion and retreated nearly 25 pips as markets digest the latest UK PMI report.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5520 TARGET 1.5540 1.5470 SL 1.5490
  • SELL GBP/USD BELOW 1.5480 TARGET 1.5260 1.5230 SL 1.5510

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH SINGAPORE.

3Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.94 points or 0.8% lower to 2974.41, taking the year-to-date performance to – 11.61%.
  • The top active stocks today were SingTel, which declined 1.01%, DBS, which declined 0.12%, OCBC Bank, which declined 0.89%, UOB, which declined 0.59% and CapitaLand, with a 0.97% fall.
  • The FTSE ST Mid Cap Index declined 1.12%, while the FTSE ST Small Cap Index declined 0.75%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.53%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 1.74% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.85%. Keppel Corp shares declined 1.70% and Sembcorp Industries declined 1.68%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.88%), Sti Etf (-0.66%), Is Msci India 100 (-1.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.67%), Capitamall Trust (-1.26%), Suntec Reit (-0.61%)
  • The most active index warrants by value today were : HSI22000MBePW151127 (+17.50%), HSI22400MBeCW151127 (-23.42%), HSI22400MBePW151230 (+12.88%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-11.94%), DBS MB eCW160128 (-0.71%), KepCorp MBeCW160201 (-16.22%)

STOCK RECOMMENDATION :

  • BUY CHINES GLOBAL ABOVE 0.033 TARGET 0.036 0.040 SL 0.028

For more information about SGX stock market please feel free to visit EPIC RESEARCH SINGAPORE.

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